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20121027
20121104
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's needed to run their businesses, something we talked a lot about. the economy has seen more focus on the consumer rebound than on a business rebound. one wonders when and if business were to get in the game those numbers would even be better. >> that could all change in five days with the election next tuesday. long-term unemployed, 14,600. marginal relief on that front. in terms of the long-term unemployment out of work for a year or more 3.57 million. a year ago 4.boy 1 million. so even those people who have been out of work for a very long time starting to get some nibbles. at least that's what it appears. more reaction to the numbers from dean mackey joining us from barclay's. good morning to you. >> good morning. >> any hair on the numbers, so to speak, as far as you can tell? >> i think this was a followed report when you look at the broad categories of job growth, when you look at the participation rate rise. the only underlying softness was in ourly earnings, but that really doesn't change the sfoer of where we've been. boug bottom line, the labor market has picked up some
well. it remains a strong part of the u.s. economy. >> stock the next 1% loop. >> the autos are a real bright spot. i like that gm call yesterday. in technology, we did have a couple of deals. they're merging it with a software company. but it's a pretty nice premium. you always like to see a 30-plus premium after all. >> they have some accounting issues. >> forget it if that's the case. if you say it, i believe it. we should also appoint bmc in the software area.$750 million going to buy back really quickly. by the end of the year, bmc has a lot of activists in that name. it was thought that you actually get a deal. i have spoken with a couple of them near the end of the year. you've got the likes of elliott and associates. you've got these core views in there. so it's a positive, they are changing the capital structure to a certain extent. >> we'll talk more about the ford numbers. phil, how big of a mess here? >> not a huge mess. they were slightly positive. 0.4%. what will be interesting to hear on the conference call is how much sandy slowed down sales, not only in the northeast,
through the economy? >> very significantly. we take for granted the extensive public transportation system we have in the new york city metropolitan area. it's the life blood to our economy. when that life blood is not pumping, it will have a serious impact. it's not just how soon will trains be running but will be repair costs? they will be significant. mta had its own financing troubles particularly with regard to that capital program. they obviously weren't anticipating the kind of damage that this storm has brought. a long-term where we're at with financing for the mta is a very unclear picture. i am out here on long island. perhaps not as reliant on public transportation but the traffic signals are out and many businesses say to their employees to stay home for safety sake. as you know long island has 85% to 90% of customers without power and electricity. think of impact on small businesses. we think of big businesses and big players but small businesses that really typify communities like long island and westchester, they're not able to open. what's the impact there? real consequence
the storm means for business, energy and the economy. plus, michael brown, fema director under hurricane katrina will give us his take on sandy's impact as well when we come back. ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. through mercedes-benz if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions i
Search Results 0 to 3 of about 4